States That Tax Social Security Benefits

TODAY: Jan. 25, 2015 PUB DATE: Jan. 25, 2015

By Jennifer Waters Minnesota is looking to become the next state to exempt Social Security income from taxes, a move lawmakers hope will dissuade retirees from fleeing. Though some might argue that climate is the real culprit behind Minnesota's exodus, ...

Greeks Head to Polls to Elect Next National Government

TODAY: Jan. 25, 2015 PUB DATE: Jan. 25, 2015

By Nektaria Stamouli ATHENS--Greeks headed to the polling booths Sunday for the third time in less than three years to elect a new government, a vote that could determine the country's future in the eurozone and reverberate across Europe. According ...

Greeks Head to Polls to Elect Next National Government

TODAY: Jan. 25, 2015 PUB DATE: Jan. 25, 2015

By Nektaria Stamouli ATHENS--Greeks headed to the polling booths Sunday for the third time in less than three years to elect a new government, a vote that could determine the country's future in the eurozone and reverberate across Europe. According ...

Greeks Head to Polls to Elect Next National Government

TODAY: Jan. 25, 2015 PUB DATE: Jan. 25, 2015

By Nektaria Stamouli ATHENS--Greeks headed to the polling booths Sunday for the third time in less than three years to elect a new government, a vote that could determine the country's future in the eurozone and reverberate across Europe. According ...

Chinese Officials Shrug Off Concerns Over Economic Slowdown

TODAY: Jan. 25, 2015 PUB DATE: Jan. 24, 2015

By Li Yuan DAVOS, Switzerland--Two days before the annual World Economic Forum started, China announced its lowest growth rate in 24 years. Yet Chinese policy makers and business leaders at Davos didn't seem too worried about the slowdown. They believe ...

Boehner, McConnell Open to Bigger Child-Care Tax Breaks

TODAY: Jan. 25, 2015 PUB DATE: Jan. 24, 2015

By Kristina Peterson WASHINGTON--House Speaker John Boehner (R., Ohio) and Senate Majority Leader Mitch McConnell (R., Ky.) indicated in a 60 Minutes television interview that they were open to one piece of President Barack Obama's tax overhaul proposal: increasing tax ...

Bundesbank's Weidmann Didn't Back ECB's Bond-Buying Program

TODAY: Jan. 25, 2015 PUB DATE: Jan. 24, 2015

By Friedrich Geiger FRANKFURT--German central bank President Jens Weidmann didn't vote in favor of the European Central Bank's large-scale bond-buying program, according to excerpts of a newspaper interview to be published Sunday. The ECB's governing council, of which Mr. Weidmann ...

Li Ka-shing's Possible 02 Deal Would Mark New Milestone

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Yvonne Lee Li Ka-shing's potential $15 billion purchase of one of Britain's biggest cellphone operators would be the Hong Kong billionaire's biggest deal overseas yet, and would cement his telecommunications company as one of Europe's top wireless firms. Just ...

UBS: No Major Trading Impact From SNB Move

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

ZURICH-- UBS AG said Friday that it hasn't taken a significant hit to its trading revenue as a result of the Swiss National Bank's abrupt scrapping of a cap on the value of the country's currency, though Switzerland's biggest lender ...

Oil Rebounds on Saudi King's Death, China PMI Data

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Georgi Kantchev LONDON--Oil prices rose on Friday after the news of the death of Saudi Arabia's King Abdullah added to uncertainty on an already jittery global oil market. Oil prices have more than halved in value since last summer ...

Hong Kong Shares End Higher After ECB Plan Jolts Global Stocks

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Mia Lamar HONG KONG--Hong Kong shares closed higher Friday as stocks across Asia rallied in the wake of market-friendly measures from the European Central Bank. The blue-chip Hang Seng Index rose 327.82 points, or 1.3%, to 24850.45 after trading ...

GDF Suez's Electrabel Extends Closure of Belgian Reactors

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By William Horobin PARIS--French utility company GDF Suez's (GSZ.FR) Belgian subsidiary Electrabel said Friday it will extend the shutdown of power nuclear plants Doel 3 and Tihange 2 after a review by regulators. The two plants will be offline until ...

Li Ka-shing's Possible O2 Deal Would Mark New Milestone--Update

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Yvonne Lee And Wayne Ma Li Ka-shing's proposed $15 billion purchase of a major British cellphone operator would be the Hong Kong billionaire's biggest deal overseas yet and would cement his telecommunications-and-infrastructure company as one of Europe's top wireless ...

European Bonds Hit Record Highs -- 6th Update

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Josie Cox The European Central Bank has ignited every corner of the region's markets. Stocks soared Friday, while government bonds from Spain, Italy, Portugal, Germany and elsewhere hit record highs after the central bank a day earlier pledged to ...

Trusts That Can Trim State Income Tax

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Liz Moyer These trusts may have funny-sounding names, but for some high-net-worth individuals, they are serious tax-minimization tools. Known as incomplete nongrantor trusts, they are often formed in Delaware, Nevada and sometimes Wyoming, hence their acronyms "DING," "NING" and ...

Oil Prices Slip as No Change Seen in Saudi Policy

TODAY: Jan. 25, 2015 PUB DATE: Jan. 23, 2015

By Christian Berthelsen And Georgi Kantchev Oil prices slipped Friday as investors bet that a change in Saudi Arabia's leadership was unlikely to alter the kingdom's oil-market policy. The U.S. oil benchmark, which had risen as much as 3.1% in ...